541 Jefferson Avenue presents an office owner-user and investment opportunity in Downtown Redwood City. The property consists of a two-story office building situated on approximately 0.50 acres with 37 on-site surface parking spaces and Downtown General zoning. As of January 2027, the property is 68% occupied with annualized in-place NOI of $211,800 and a weighted average lease term of 1.4 years.
A key component of the opportunity is the ability for an owner-user to gain control of a substantial portion of the building in the near term. The entire second floor totaling 6,594 SF is projected to become available by July 2027, representing approximately 57% of the building and exceeding the SBA owner-occupancy threshold referenced in the offering materials. Should an existing ground-floor tenant elect not to renew, occupancy potential could expand further to approximately 8,069 SF.
The property benefits from a walkable downtown location surrounded by restaurants, cafés, fitness facilities, and business services. The Redwood City Caltrain station is located within walking distance, providing regional connectivity throughout the Peninsula and access to San Francisco. Long-term positioning is further supported by ongoing planning efforts associated with Redwood City's Greater Downtown Area Plan, which is evaluating future land use, connectivity, and development opportunities within the downtown core.
Downtown General zoning allows a variety of commercial and mixed-use uses, including office, medical, educational, fitness, neighborhood retail, hospitality, and residential-related uses, providing flexibility for future ownership strategies.